Haha...no offend. We dont know each other how to offend? The fact that we meet in this blog because we like tsh. This is common objective make us friend.
2.30 to 1.50, drops 35%. 1767 to 1148=35%. Nothing is impossible, Bursa is a free place for anyone to wait for any price , be it 1.50 or 0.99. Nevertheless I choose NOT to wait. I will start accumulation process again once it goes below 2. However I do not think I can get 1.99 easily in near future. Gambate!
TSH needs lot of money to expand biz, i.e. grow more oil palm. Sometimes TSH buy more plantation land too. Therefore the mgt opts to reserve most of the profit instead of distributing our as div.
Why still down. CPO jumped higher and higher. Definitely there is going to be a shortage due to floods, drought and long holidays the last few months. But plantations stocks still down
It is not my intention to discourage the "up" of TSH especially that I have shares in the company. Nevertheless, based on the current trend, I do not think TSH is to move up soon.
For me, oil palm takes time to bear fruit, so does TSH.
Not to worry so much... this counter NOT for traders.... TSH fundamentals still intact, they have been new planting regularly so every year there is new production of FFB added into their overall production figures. With its high yield, a steady increase in FFB & CPO price in the future will see their results jump tremendously. Must have confidence in TSH... mid to long term holdings will reward shareholders well ! If price drop, see its tech chart for immediate price support and buy-in... accumulate! Cheers.
Another plus point for TSH is the BOD... they are committed, young and experienced to propel TSH to greater heights. From the shareholding spread list, there are only 356 shareholders out of ~6000 shareholders who holds >100,000 shares each and collectively, these 356 shareholders control 95% of the total shares of TSH... which means they are in for the long term!
This is the company that borrow money to expand. Other good Plantations only expand when they have extra money. Good Plantations company have 0 debts but this company have tons of debts. Forex losses is massive because borrowed in USD.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jimstock
465 posts
Posted by jimstock > 2014-11-06 18:19 | Report Abuse
Haha...no offend. We dont know each other how to offend? The fact that we meet in this blog because we like tsh. This is common objective make us friend.